Shipping Corporation of India Land & Assets Ltd (SCILAL)

Consumer Services · Education · NSE · Updated 1 September 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹39.66 ↓ 18.46% (1Y)

🎯 Key Takeaways

SCILAL operates in the niche maritime education and real estate sector with strong government backing through its promoter Shipping Corporation of India. The company is in a mature, cash-generating phase focused on strategic expansion of its Maritime Training Institute (MTI) and infrastructure, supported by consistent dividend policy and stable promoter holding.
Revenue grew 35.3% QoQ to ₹8 in Q1FY27.
⚠️ 1) Persistent operational losses and negative operating margins raise concerns about near-term profitability despite revenue stability. 2) Heavy relia

Market Cap

₹1,847

P/E Ratio

65.0

P/B Ratio

0.62

ROE

0.9%

ROCE

1.3%

Debt/Equity

0.00

Div Yield

1.39%

Promoter

63.8%

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📖 The Story

SCILAL operates in the niche maritime education and real estate sector with strong government backing through its promoter Shipping Corporation of India. The company is in a mature, cash-generating phase focused on strategic expansion of its Maritime Training Institute (MTI) and infrastructure, supported by consistent dividend policy and stable promoter holding. Despite volatile quarterly performance, it maintains a debt-free balance sheet and a disciplined capital allocation approach.

📰 What's Happening

SCILAL recently announced its 5th Annual General Meeting scheduled for 21 September 2026 via video conference, with a record date of 4 September 2026 for dividend eligibility. The company recommended a dividend of ₹0.55 per share (5.50% yield on face value Rs 10) for FY 2025-26, pending shareholder approval. Board composition was updated with Capt. Binesh Kumar Tyagi as Chairman & MD, alongside new directors Nitin Khamesra (Finance) and Venkatesapathy S. (Government). Management continues to emphasize strategic growth in maritime education through new partnerships, MTI expansion, and infrastructure upgrades, while operations remain supported by SCI under a service agreement.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	6	6	6	8
Operating Profit	-16	-6	-21	-2
OPM %	-253.8%	-97.3%	-366.8%	-22.0%
Net Profit	4	11	-1	14
EPS	₹0.09	₹0.24	₹-0.02	₹0.30

Quarterly revenue has remained flat around ₹6-8 crore over the last four quarters, but profitability remains highly volatile, swinging between small profits and significant losses. Operating margins have been negative in three of the last four quarters, with Q1FY27 showing a -22% OPM despite ₹8 crore revenue. Net profit turned positive in December 2025 (₹11 crore) after a loss in September 2025, but this appears to be an outlier amid recurring operational losses. EPS remains low and erratic, reflecting the company's sensitivity to cost structure and timing of expenditures.

🔮 Management Outlook & What's Next

Management's forward-looking statements in the FY 2025-26 annual report emphasize continued strategic focus on expanding the Maritime Training Institute (MTI), forging new industry partnerships, upgrading infrastructure, and advancing CSR initiatives. The Chairman's message underscores long-term growth through maritime education and real estate asset optimization, with no mention of immediate operational turnaround. Capital allocation appears aligned with growth in training capacity and asset utilization, supported by SCI's operational oversight.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2025	Mar 2026	Mar 2026
Equity Capital	466	466	466	466
Reserves	2,750	2,536	2,529	2,539
Borrowings	0	0	0	0
Total Liabilities	3,515	3,502	3,546	3,550
Fixed Assets	2,404	2,390	2,403	2,403
Investments	0	14	0	0
Total Assets	3,515	3,502	3,546	3,550

The balance sheet remains exceptionally strong with zero net debt — total borrowings are consistently ₹0 — and equity capital of ₹466 crore backed by substantial reserves of over ₹2,500 crore. Total assets have remained stable around ₹3,500 crore, indicating minimal capital expenditure or asset growth in recent periods. This suggests a conservative capital allocation strategy focused on preservation rather than aggressive expansion, with retained earnings used to support operations and dividend payouts.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2025
Operating	-49
Investing	+80
Financing	-31
Net Cash Flow	-0

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	63.8%	63.8%	63.8%	63.8%
FII	1.1%	1.1%	1.0%	1.0%
DII	6.2%	6.2%	6.2%	6.2%
Public	24.3%	23.5%	22.7%	22.4%
# Shareholders	2,31,276	2,24,419	2,18,024	2,16,289

Promoter holding remains stable at 63.75% over the last four quarters, indicating no dilution or stake sale. Institutional investor interest shows a slight upward trend, with FII holdings increasing slightly from 1.04% to 1.13% and peaking at 1.12% in Q2FY26, while DII holdings have remained steady around 6.15-6.2%. The number of public shareholders has grown from 2.16 lakh to 2.31 lakh, suggesting retail investor engagement is rising despite flat promoter stake.

⚖️ Peer Comparison — Education

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
PWL	33,795	970.8	24.9%	2.1%	0.00
SEIL	3,259	562.4	10.9%	8.2%	0.11
CRIZAC	2,895	13.1	57.6%	43.6%	0.00
VERANDA	2,415	16.0	18.9%	16.6%	0.32
SCILAL	1,847	65.0	1.3%	0.9%	0.00
JARO	1,026	17.4	53.9%	48.2%	0.21
CLEDUCATE	339	—	4.2%	-8.8%	0.89
CPEDU	333	14.0	56.5%	41.8%	0.00
540062	170	722.2	2.2%	2.2%	0.00
544856	167	—	—	—	0.19

🔗 Peer Stock Analyses

PWL SEIL CRIZAC VERANDA JARO

⚠️ Risk Factors

1) Persistent operational losses and negative operating margins raise concerns about near-term profitability despite revenue stability. 2) Heavy reliance on SCI for operational support creates structural dependency that may not be fully disclosed in terms of cost or governance. 3) Low trading liquidity and minimal institutional interest (FII <1.2%) could lead to high volatility and limited investor interest. 4) Dividend sustainability depends on shareholder approval and future cash flow performance, which remains inconsistent.

📋 Recent Filings

🧠 Analyst's Read

SCILAL presents as a stable, government-backed entity with a disciplined dividend policy and improving retail investor base, but its financial performance remains erratic with no clear earnings trajectory. The upcoming AGM and dividend payout offer near-term clarity, but long-term value hinges on execution of its maritime education expansion strategy and sustained cost control. Investors should monitor quarterly profitability trends and any updates on MTI expansion progress.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-01.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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